Answer:
The correct answer is letter "B": perform an activity at a lower opportunity cost.
Explanation:
Comparative advantage is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitor. Having a comparative advantage does not mean that one entity is absolutely better than another at producing a good or service. It means that it sacrifices less to do so.
Answer:
D. $12,000
Explanation:
Allowance for Doubtful accounts = Credit sales * Rate
Allowance for Doubtful accounts = $200,000 * 6%
Allowance for Doubtful accounts = $12,000
Allowance for doubtful account
Particulars Particulars
Balance brought forward $9,000 Bad debts $12,000
Balance carried forward $3,000
Total $12,000 Total $12,000
Therefore, the amount to be debited to Bad debts and credited to Allowance for Doubtful accounts is $12,000.
Option C
An increase in the real wage would result in a: movement along the labor demand curve, causing a decrease in the number of workers hired by the firm.
<u>Explanation:</u>
The wage rate is circumscribed by the crossing of supply and demand for labor. The demand curve depends on the marginal product of labor and the cost of the good labor originates.
A variation in the wage or payroll will end in a shift in the amount necessitated of labor. If the wage rate increases, organizations will require to hire fewer employees. The quantity of labor demanded will decline, and there will be a movement skyward on the demand curve.
